The share of Enviro Infra Engineers Limited was listed today (29 November) on the National Stock Exchange (NSE) at Rs 220, up 48.65% from the issue price. At the same time, on the Bombay Stock Exchange (BSE), the share was listed at Rs 218, up 47.30% from the issue price. The issue price of Enviro Infra Engineers IPO was ? 148 per share. This IPO was open for bidding from 22 November to 26 November, which was subscribed a total of 89.90 times. It was subscribed 24.48 times in the retail category, 157.05 times in qualified institutional buyers (QIB) and 153.80 times in the non-institutional investors (NII) category. Enviro Infra Engineers’ issue was worth ?650.43 crores
Enviro Infra Engineers’ issue was worth ?650.43 crores. For this, the company issued 38,680,000 fresh shares worth ?572.46 crores. The company’s existing investors sold 5,268,000 shares worth ?77.97 crores through Offer for Sale i.e. OFS. Retail investors could bid for a maximum of 1313 shares
Enviro Infra Engineers had fixed the price band of the IPO at ?140 to ?148 per share. Retail investors could bid for a minimum of one lot i.e. 101 shares. If you applied for 1 lot as per the IPO’s upper price band of ?148, then you would have to pay ?14,948 for it. At the same time, retail investors could apply for a maximum of 13 lots i.e. 1313 shares. For this, investors would have to invest ? 194,324 as per the upper price band. Will the company use the funds?
The company will use the money raised from this IPO for many important tasks. These include meeting its daily needs, investing in EIEL Mathura Infra Engineers Private Limited and building a 60 MLD sewage treatment plant in Mathura. Along with this, the company will repay some of its old debts and invest money for general business purposes. How has been the financial performance of the company?
If we look at the financial performance of Enviro Infra Engineers Limited, the company has consistently performed well in the last three financial years. In FY22, the consolidated total income of the company was ? 225.62 crores and the net profit was ? 34.55 crores. In FY23, it increased to ?341.66 crore and ?55.34 crore. In FY24, the company reported revenue of ?738.00 crore and net profit of ?108.57 crore. In the first quarter of FY25, the company reported revenue of ?207.46 crore and net profit of ?29.97 crore. The company does work related to water and waste water treatment plants
Enviro Infra Engineers Limited (EIEL) does the work of design, construction, operation and maintenance of water and waste water treatment plants (WWTPs) and water supply scheme projects (WSSPs). This work is mostly done for government institutions. The company’s WWTP includes sewage treatment plants (STP), sewerage schemes (SS) and common effluent treatment plants (CETP), while WSSP includes water treatment plants (WTP), pumping stations and laying of pipelines for water supply. What is an IPO?
When a company issues its shares to the general public for the first time, it is called Initial Public Offering i.e. IPO. The company needs money to expand its business. In such a situation, instead of taking loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings an IPO.
